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Wave vs QuickBooks Online Comparison

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Overview

Category Leaders

Wave is an all-in-one accounting solution for small businesses which combines income and expense tracking, invoicing, receipt...

Category Leaders

QuickBooks Online is a complete small business accounting solution which allows users to manage all their financial data...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

No videos yet

Pricing

Starting from

20

Per year

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

30

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

4.4

1.5K

5

4

3

2

1

991

408

92

30

63

  • Value for money
  • Ease of use
  • Features
  • Customer support
92%
would recommend this app

4.3

6.5K

5

4

3

2

1

3.6K

1.9K

591

165

188

  • Value for money
  • Ease of use
  • Features
  • Customer support
92%
would recommend this app

Pros

The interface is user-friendly and has a comprehensive set of features that can elevate any small business to great success.
It's a great software and works well for my basic use case as a solopreneur. The payments feature is also nice and the reporting is great.
I thought it was going to be great when I saw that it functioned with Etsy. And I loved that it is free.

Pros

It's a user friendly service with great customer care, wonderful service if u have a small business.
Fields to fill and perfectly links the data from one end like ap and AR to the bank reconciliation. Great reports on transactions for the month or period if interest.
We love that it helps us streamline efforts, is easy to use, and is easy to train others on. QuickBooks Online has definitely been one of the best technology pieces of our administration.

Cons

I am not able to write off a partly paid bill as bad debt if all attempts to reclaim the payment from my clients fail. Sometimes, people pay about 70% and fail to pay for the rest.
It can be glitchy at times. I had problems with my transactions imported from my connected bank account, and then when I tried to remove the account and re-connect it, I received error messages.
Then, January of 2021, Paypal import was abandoned. Without those 2 features, the software is essentially useless since it creates extra work each month.

Cons

This is extremely unprofessional and unacceptable from the company that is supposed to have your books.
The problem is that doing your own taxes online becomes risky the more you have to account for.
Other than tracking my expenditures, the whole system is a pain. Error messages constantly received because "there's a message from your bank" bla bla bla.
  • Vendor responds to reviews
  • Last review19 days ago
  • Vendor responds to reviews
  • Last review4 days ago

Key features

  • Total features77
  • "What If" Scenarios
  • 1099 Preparation
  • 401(k) Tracking
  • ACH Payment Processing
  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Accrual Accounting
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Address Validation
  • Aging Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Asset Accounting
  • Asset Lifecycle Management
  • Asset Tracking
  • Attendance Management
  • Audit Trail
  • Automatic Backup
  • Automatic Billing
  • Bank Reconciliation
  • Benefits Management
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Categorization/Grouping
  • Chart of Accounts
  • Check Printing
  • Check Processing
  • Check Writing
  • Collaboration Tools
  • Commission Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Consumer Use Tax
  • Contact Database
  • Contingency Billing
  • Core Accounting
  • Cost Estimating
  • Cost Management
  • Credit Card Management
  • Credit Card Processing
  • Cross Ledger Posting
  • Customer Statements
  • Customizable Branding
  • Customizable Fields
  • Customizable Forms
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Security
  • Data Visualization
  • Direct Deposit
  • Discount Management
  • Document Templates
  • Donation Management
  • Donation Tracking
  • Donor Management
  • Drag & Drop
  • Dunning Management
  • Duplicate Payment Alert
  • Electronic Funds Transfer
  • Electronic Payments
  • Electronic Signature
  • Email Management
  • Email Reminders
  • Estimating
  • Exemption Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Aid Management
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Government
  • For Higher Education
  • For Legal Professionals
  • For Medical Purposes
  • For Nonprofits
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • For Trucking Industry
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • Fund Management
  • General Ledger
  • Grant Management
  • Hourly Billing
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • K-12
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Mobile Receipt Upload
  • Multi-Company
  • Multi-Country
  • Multi-Currency
  • Multi-Department/Project
  • Multi-Period Recurring Billing
  • Multi-State
  • Nonprofits
  • Online Invoicing
  • Online Payments
  • Overpayment Processing
  • PCI Compliance
  • PO Reconciliation
  • Partial Payments
  • Partnership Accounting
  • Payment Collection
  • Payment Processing
  • Payroll Management
  • Payroll Outsourcing
  • Payroll Reporting
  • Point of Sale (POS)
  • Profit/Loss Statement
  • Progress Reports
  • Project Accounting
  • Project Billing
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real-Time Data
  • Real-Time Notifications
  • Real-Time Reporting
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Self Service Portal
  • Self-Service Reporting
  • Spend Management
  • Status Tracking
  • Strategic Planning
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Taxability Verification
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Transaction History
  • Transaction Management
  • Transaction Tracking
  • Trust Accounting
  • User Management
  • Vacation/Leave Tracking
  • Value Added Tax (VAT)
  • Vendor Management
  • Version Control
  • W-2 Preparation
  • Wage Garnishment
  • Total features172
  • "What If" Scenarios
  • 1099 Preparation
  • 401(k) Tracking
  • ACH Payment Processing
  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Accrual Accounting
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Address Validation
  • Aging Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Asset Accounting
  • Asset Lifecycle Management
  • Asset Tracking
  • Attendance Management
  • Audit Trail
  • Automatic Backup
  • Automatic Billing
  • Bank Reconciliation
  • Benefits Management
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Portal
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Categorization/Grouping
  • Chart of Accounts
  • Check Printing
  • Check Processing
  • Check Writing
  • Collaboration Tools
  • Commission Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Consumer Use Tax
  • Contact Database
  • Contingency Billing
  • Core Accounting
  • Cost Estimating
  • Cost Management
  • Credit Card Management
  • Credit Card Processing
  • Cross Ledger Posting
  • Customer Statements
  • Customizable Branding
  • Customizable Fields
  • Customizable Forms
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Security
  • Data Visualization
  • Direct Deposit
  • Discount Management
  • Document Templates
  • Donation Management
  • Donation Tracking
  • Donor Management
  • Drag & Drop
  • Dunning Management
  • Duplicate Payment Alert
  • Electronic Funds Transfer
  • Electronic Payments
  • Electronic Signature
  • Email Management
  • Email Reminders
  • Estimating
  • Exemption Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Aid Management
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Government
  • For Higher Education
  • For Legal Professionals
  • For Medical Purposes
  • For Nonprofits
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • For Trucking Industry
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • Fund Management
  • General Ledger
  • Grant Management
  • Hourly Billing
  • Income & Balance Sheet
  • Inventory Management
  • Inventory Tracking
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • K-12
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Mobile Receipt Upload
  • Multi-Company
  • Multi-Country
  • Multi-Currency
  • Multi-Department/Project
  • Multi-Period Recurring Billing
  • Multi-State
  • Nonprofits
  • Online Invoicing
  • Online Payments
  • Overpayment Processing
  • PCI Compliance
  • PO Reconciliation
  • Partial Payments
  • Partnership Accounting
  • Payment Collection
  • Payment Processing
  • Payroll Management
  • Payroll Outsourcing
  • Payroll Reporting
  • Point of Sale (POS)
  • Profit/Loss Statement
  • Progress Reports
  • Project Accounting
  • Project Billing
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real-Time Data
  • Real-Time Notifications
  • Real-Time Reporting
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reimbursement Management
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Self Service Portal
  • Self-Service Reporting
  • Spend Management
  • Status Tracking
  • Strategic Planning
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Taxability Verification
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Transaction History
  • Transaction Management
  • Transaction Tracking
  • Trust Accounting
  • User Management
  • Vacation/Leave Tracking
  • Value Added Tax (VAT)
  • Vendor Management
  • Version Control
  • W-2 Preparation
  • Wage Garnishment

Integrations

  • Total integrations40
  • Dynamics 365
  • Dynamics 365 Business Central
  • FreshBooks
  • Gmail
  • HubSpot CRM
  • Microsoft Excel
  • Microsoft Outlook
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier
  • authorize.net
  • Total integrations974
  • Dynamics 365
  • Dynamics 365 Business Central
  • FreshBooks
  • Gmail
  • HubSpot CRM
  • Microsoft Excel
  • Microsoft Outlook
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Xero
  • Zapier
  • authorize.net

User reviews that mention these apps

DH
AvatarImg

Don H.

Design, 1-10 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Wave Accounting is a must have for small business

Reviewed 2 years ago

It's wonderful! I switched over from Quickbooks Online

Pros

I love the ease and simplicity of Wave Accounting. It's direct and to the point with great functionality. You have a lot of control over-invoicing, recurring billing, creating customers, applying expenses to projects, etc.

Cons

The reporting is ok, a lot of it's failings are in how I'm using it vs the feature not being available.

AR
AvatarImg

Verified reviewer

Information Technology and Services, 11-50 employees

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

Share this review:

Wave logo

Wave

Best Free Accounting Software

Reviewed 5 years ago

Overall, this product is great for basic bookkeeping. I recommend it to all of my coaching clients in their business when they don't have much revenue.

Pros

This is perfect for a small organization and solopreneurs. I eventually changed to QUickBooks when my company got large enough, but for my side gigs, this is perfect and free!

Cons

No mobile app is a huge downfall. This is why I use QuickBooks Online instead for my main corporation.

MP
AvatarImg

Michele P.

Retail, self-employed

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

Wave logo

Wave

Pretty decent for a free accounting program.

Reviewed 6 years ago

Free!

Pros

FREE!!! You have got to love that aspect... Great way to save personally or for your small business.

Cons

WAve is, in my opinion, a little less user-friendly than Quickbooks online? I do prefer my Quickbooks online. I was also able to give my accountant direct access (through a simple invitation) to my QB, whereas I never found such a feature in WAve. Perhaps I missed it, but again, I prefer the extreme user-friendliness of QB online.

AR
AvatarImg

Verified reviewer

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Fantastic accounting software

Reviewed 6 years ago

We've saved money because Wave Apps doesn't require a monthly fee to use like Quickbooks online or other accounting software.

Pros

We use Wave Apps for our small side business - it's been a fantastic tool for accounting. We can send invoices and accept credit card payments... and more recently they've added the feature to automatically schedule recurring invoices and payments. It has done everything we've needed and is our go-to choice for accounting software.

Cons

The only downside is that there are less integration capabilities with Wave Apps as you might find with a more commonly used software like Quickbooks.

DP
AvatarImg

Don P.

Consumer Services, 1-10 employees

Used weekly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

Share this review:

Wave logo

Wave

Carolina Springs

Reviewed a year ago

Overall I am very hap[py with Wave.

Pros

I switched from Quickbooks when they started charging a monthly fee. Being able to invoice my customers online is the best part.

Cons

I wish you could upload my customer base from Quickbooks.

CD
AvatarImg

Collin D.

Food & Beverages, 1-10 employees

Used weekly for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

Wave logo

Wave

New Small Business

Reviewed 9 months ago

It was great for the beginning of our business. As we got a little bigger it was time for us to switch to a paid product.

Pros

Wave was free, and we were able to track our expenses, get reporting, and track how our business was doing for at least our first year.

Cons

Unable to do some of the reporting features that we would want. We switched to Quickbooks Online because we believed it was a more powerful tool.

AR
AvatarImg

Verified reviewer

Management Consulting, 1-10 employees

Used weekly for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

A Must Have for Startups

Reviewed 5 years ago

Fantastic. I tried QuickBooks online first and got overwhelmed. SharedEconomy CPA recommended it during an Upwork webinar and I made switch immediately. I haven't regretted it since.

Pros

It is so easy to use and virtually free expect, they charge a fee to receive payments. Otherwise, I can invoice, track sales and purchases, run P&L reports, etc all for free.

Cons

I hope the free features and functionality doesn't change now that Wave Apps has been sold to H&R Block.

BH
AvatarImg

Ben H.

Marketing and Advertising, 1-10 employees

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

Share this review:

Wave logo

Wave

Free version is just as good for startups & smaller businesses

Reviewed 4 years ago

For my other business, I use QuickBooks Online. I think I'd rather use Wave since it's free to use. I could save up to $150-200 per month.

Pros

The free version still allows businesses to classify all the accounting transactions for bookkeeping purposes. Also, you can send invoices to clients as well as receiving payments via credit card or bank transfers.

Cons

Auto classifying is a bit off so I have to manually categorize and classify them to make sure they're correct. Very few cons with Waveapp.

TB
AvatarImg

Tiffany B.

Accounting, 1-10 employees

Used weekly for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Easy to use online program

Reviewed 6 years ago

Offer more reports please!

Pros

I like the easy to use features with Wave. I have used more of the payroll side of things and I really like it compared to other payroll companies that I have used.

Cons

I wish they offered more reports. They only offer a select amount of reports and I feel that if they offered more reports that more people would choose their software over say Quickbooks Online.

AvatarImg
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Dan M.

Marketing and Advertising, self-employed

Used weekly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

Share this review:

Wave logo

Wave

Easy to use and plenty of room to grow

Reviewed 4 years ago

I loved starting with a free account for basic accounting and payments. Once I was ready to add payroll, being able to follow the guided steps and set it all up so quickly made the monthly fee seem very fair.

Pros

I love the ease of use. After using Quickbooks online and struggling with how to set up things like payroll, Wave was absolutely what I needed. Very easy interface to navigate.

Cons

The only drawback so far is the number of states they are not connected with so as to handle withholding and other tax payments. Navigating my state's website to ensure I'm up to date on these tax payments is quite the additional headache. I so hope Wave eventually is connected with all 50 states for this.

AvatarImg
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Quintin P.

Computer Hardware,

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

Share this review:

Wave logo

Wave

I suggest this to my startup business clients

Reviewed 8 years ago

I'm two years into my business and for nearly the first year I used Wave. It's what I suggest to my clients who are looking for something cloud-based and easy to use. Yes, it is not perfect, but it's FREE. I currently use InvoiceASAP, but I'm strongly considering switching back to Wave after the first of the year. Why? The cost of one, but features are another. Nothing else free compares.

Pros

Receipt scanner. Invoices look nice. Email is sent from Wave account (Not quite sure that is a plus or a negative). Connects to your Bank Account and lets your categorize the transaction. Dashboard has great-looking layout with graphs. Paid invoices are marked as a receipt instead of an invoice which makes more sense to me. Will alert you of non-payment on a regular basis. Sales Tax Report is basic, but layout is very appealing. Has Premium Payroll option starting at $19/month with direct deposit included. On a more positive note, I recently received an email from the CEO saying to look out for improvements to Wave in the near future. Apparently, there will be new tools and features and it will be faster. I look forward to that.

Cons

The App on iPhone and iPad is slow. I don't remember using support, so I can really speak to how quick or effective they are. It's FREE so I'm guessing it's not superior. It's not Quickbooks, but it works. However, it you have Quickbooks (Stand Alone version) on your computer and you bank with an up-to-date institution that allows you can integrate for a fee and not have to pay an additional ongoing subscription to Quickbooks online.

AvatarImg
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Leia P.

Restaurants, 1-10 employees

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Free Accounting System

Reviewed 3 years ago
Pros

I love that Wave Accounting offers their software for free with online access. I have an accounting degree and used Quickbooks for years. When the price of the software began to increase even just for simple entrepreneurial access I began looking for less expensive options. Wave offers everything that Quickbooks does but for free!

Cons

I've been using Wave Accounting for a little over 2 years now and haven't had any complaints yet based on my use and the price.

AvatarImg
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Angela C.

Real Estate, 1-10 employees

Used weekly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Perfect for Small Business Owner

Reviewed 5 years ago

I'm using it to keep track of all transactions before sending them to my CPA. It offers me a centralized view of all my banks and credit card transactions. It maybe a bit redundant, but this is the best combination we found so far.

Pros

It's very easy to set up. Very intuitive. I like the Dashboard. The customer service chat is right there. We have been with QuickBooks desktop and online. They are too much for my needs.

Cons

It's confusing with the "Personal" and business tabs sharing the same bank connections to be used. Luckily I'm only importing January 2019. So it was easy to recover.

AR
AvatarImg

Verified reviewer

Accounting,

Used monthly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

Amazing functionality and performance for FREE

Reviewed 6 years ago

For software that is free (!) this product is an absolute treasure for any small business. I can connect my bank, raise great-looking sales invoices, auto-chase bill payments as well as create cash-flow forecasts, all without spending a penny. I would recommend this to software to any business owner, all day!

Pros

This software has the functionality of the major front-runners in accounting software for no cost at all. The functionality is great and the UI stands up against the likes of Quickbooks Online and Xero.

Cons

The customer service was a little slower than I would expect (+3 days for a response) but then again, I'm not even paying for the service by this stage. I have experienced some low-level display issues on the dashboard screen while using my Macbook Pro (13") laptop.

SC
AvatarImg

Sofia C.

Education Management, 51-200 employees

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Wave logo

Wave

I love what it does, wish it could do more!

Reviewed 2 years ago

I love the feeling of it, it is very comparable to QuickBooks online and other more expensive type of user oriented software. I just wish the chart of account and the check printing were more flexible.

Pros

This software is a game-changer for free or low cost needs. It can 100% cover the needs of a non profit organization, or in my case our home owner's association needs. It is very easy to create accounts, or modify the already existing ones, and it is very easy to send invoices out. Also, it offers electronic payments which is very convenient for those who wish to pay electronically.

Cons

The software does not allow for check printing through it. All expenses need to be recorded and checks to be entered manually. This causes a feeling of "double entering" or doing twice a process that could have been simplified. The fact that the software will not be able to make payments is a little outdated.

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William L.

Media Production,

Used monthly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

Share this review:

Wave logo

Wave

Super simple, which is both good and bad

Reviewed 6 years ago
Pros

Okay, so if you're just starting out working freelance, this is probably where you want to start. QuickBooks Online is where you'll wind up eventually, but that program stinks REAL hard. Wave is undeniably easier and quicker to use.

Cons

It confuses my accounts sometimes. I'm sure I could fix it, but I can't figure out how. But I also don't really use those features. If I did, I'd probably migrate to a more advanced application.

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Jay W.

1-10 employees

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

Share this review:

Wave logo

Wave

Serious Accounting Replacement for Quickbooks?

Reviewed 9 years ago

What business doesn't write checks? Printing checks is not an option with Wave.

Pros

Low cost nice interfaces. Stripe integration

Cons

No check printing. No automatic migration from Quickbooks.

Vendor response

Hi, I'm sorry that Wave wasn't the right fit for you. We take our customer feedback seriously, and leverage this feedback when determining what features we'll build next. Based on customer requests for different features, as well as some other factors, check printing isn't currently something that's been prioritized, and as such it's not currently available with Wave. -Sara from Wave

JW
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Jay W.

Civic & Social Organization,

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Wave

The Wave Accounting: Alternative to Quickbooks

Reviewed 8 years ago
Pros

Wave promises to be a great alternative to quickbooks and quickbooks line with all of the features a small business needs and small business-friendly pricing.

Cons

What has made us hesitant to go all-in with Wave is their lack of migration support. The process of changing from QB is time consuming and if you're a small business you sometimes do not have the time.

RD
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Richard D.

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Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Wave

Incredible

Reviewed 8 years ago

I can't believe how many years I've wasted with Quickbooks Online and Freshbooks....just to discover Wave and how absolutely amazing it is. WOW! WAY better support, way more features, WAY better iphone apps, built-in receipt OCR etc.... You must switch ASAP!

Pros

No pros were added to this review

Cons

No cons were added to this review

rk
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rohan k.

Hospitality, 1-10 employees

Used daily for less than 6 months

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Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Wave

very very good

Reviewed 8 years ago

I can't believe how many years I've wasted with Quickbooks Online and Freshbooks....just to discover Wave and how absolutely amazing it is. WOW! WAY better support, way more features, WAY better iphone apps, built-in receipt OCR etc.... You must switch ASAP!

Pros

No pros were added to this review

Cons

No cons were added to this review

SD
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Sean D.

Health, Wellness and Fitness, self-employed

Used weekly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Wave

Great free bookkeeping and invoicing

Reviewed 6 months ago

Amazing, highly recommend to small self employed businesses

Pros

Great free platform. Better than Quickbooks and costs less.

Cons

Banking integration doesn't always work. Would like the ability to pause recurring invoices.

AS
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Anthony S.

Food & Beverages, 11-50 employees

Used weekly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Wave

Pretty Great For Free!

Reviewed 4 years ago

If you keep up with your accounting in Wave, your taxes are ready to file almost when the tax year closes. It even keeps images of each receipt you scan or email in and has a great phone app to do this. Wave is a great experience in organization.

Pros

You can’t beat the cost and functionality of this free software. When the pandemic started I used the business closure time to switch from Quickbooks to Wave and I was impressed. It does virtually everything Quickbooks does, but it’s free! Account reconciliation is much quicker with Wave than Quickbooks.

Cons

The one thing I wish they would change is that after importing your bank statement at the end of the month, you cannot bulk categorize transfers to other account. In my case, I must tediously click on each daily ATM transaction and designate this to transfer to an account. After 30 times in a row it is tedious and boring.

KB
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Kevin B.

Marketing and Advertising, 1-10 employees

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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Wave

Great Product but No QB Import

Reviewed 5 years ago

Simple Accounting software that would fit most small business. Cheaper and easier to use the QB Online

Pros

Ease of use and pricing is excellent. Add ons available as needed.

Cons

Can not import complete history from QuickBooks so switching is not easy.

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Ani P.

Health, Wellness and Fitness, self-employed

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Wave

Love Love Love

Reviewed 2 years ago

LOVE it

Pros

It's FREE, very similar to QuickBooks without the huge financial commitment

Cons

As of now, the capacity I use it I have nothing negative to say

AR
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Verified reviewer

Architecture & Planning, 11-50 employees

Used monthly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Wave

Wave Apps for Self Employment

Reviewed 6 years ago
Pros

This is an easy to use and easy to learn software for free.

Cons

Not as fully featured as quickbooks and charges a little extra to process payment.

RA
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Rachel A.

Individual & Family Services, 1-10 employees

Used daily for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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QuickBooks Online

Pros: overall great product. Recomend. Cons: Zero phone support on weekends.

Reviewed 17 days ago

Overall I am happy as a user. Will continue to use it.

Pros

I like that most accoiuntants and businesses use it. Widely recongnized software. Used to use Wave. Switched to QB because I could not find a specialist who would help me with Wave.

Cons

No live phone support on weekends. Business owners work 24/7. Live support on weeknds is essential. ADP has a great phone support 7 days a week, I wish QB had the same.

JA
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Josh A.

Marketing and Advertising, 1-10 employees

Used other for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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QuickBooks Online

Accounting Software is Essential for Any Business

Reviewed 5 years ago

I've used QuickBooks on a few projects to send invoices and manage my books. A quality accounting program is essential for any online business owner. You look more professional sending online invoices AND your books will be easier for a CPA to organize come tax season. I ultimately ended up switching to Wave as my primary accounting software but I was a big fan of QuickBooks.

Pros

Quickbooks makes it easy to manage your own books (especially if you don't deal with A LOT of transactions). It's easy to import all of your transactions from your bank account, categorize them, and send your books to a CPA at the end of the year.

Cons

Quickbooks is a great service but there are free options that do the same thing (i.e. Wave).

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Maaya Y.

Retail, self-employed

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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QuickBooks Online

Best accounting software for small business

Reviewed 4 years ago

Overall, I highly recommend to small business owners because with the amount you pay it's worth it!

Pros

For the price, QBO is an absolute must have for small business owners! Pretty much all accounting features are available and it's very user-friendly. For people who have contractors, you do have to pay additional to keep track of their expenses for taxes, but it records and automates everything for you so it was very easy to understand and use during tax season. They provide accountant services as well for anyone who wants to hire an accountant.

Cons

I switched from Wave accounting because it had so many syncing issues so QBO has been amazing and has been a lifesaver!

RO
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Rachel O.

Accounting, self-employed

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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QuickBooks Online

QBO is still the king of accounting software

Reviewed 2 years ago

This software is convenient and professional, and makes my job easier. I can't imagine using any other product. I've tried Wave and Xero, and hated both.

Pros

I love how easy this software is to use! It is clean, professional, easy to use and manage from my portal. I can even walk clients through the steps when they need to do something.

Cons

I don't like their payroll services or their customer service. As long as things go well, it's fine, but if you run into a problem, it's hard to resolve without hours on the line or being passed to several reps.

AR
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Verified reviewer

Marketing and Advertising, 1-10 employees

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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QuickBooks Online

For a Canadian business, there is no better option on the market

Reviewed 3 years ago

Every other cloud accounting software for Canadians relies on 3rd party methods to connect your bank for reconciliation. Our understanding is this is less safe and puts your bank account at risk of breaking the bank's TOS. By sharing your banking password with a 3rd party, you may lose fraud protection coverage due to this. YMMV. QuickBooks has built its own integration and works with Canadian banks directly to institute it. While this issue is due to banks not creating robust API's, QuickBooks doesn't appear to cut corners like the rest and makes the best out of the situation.

Pros

For a Canadian business, there is no better option on the market. QuickBooks is it. From the secure bank connection method that doesn't break your bank's TOS by connecting for reconciliation purposes, to the way every CPA understands QuickBooks' export data, there's no better option currently.

Cons

I really loved the interface of Wave, and would appreciate if QuickBooks went that UI route and simplified the interface to make it more accessible, but it's certainly usable.

AR
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Verified reviewer

Financial Services, self-employed

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend4/10

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QuickBooks Online

Not the same as it used to be

Reviewed 6 years ago

Not good. The value proposition is gone. I switched to Wave accounting, where the free price offsets the occasional hiccup. That's fair to me. I am very happy to have made the change.

Pros

I have used quickbooks products for literally decades now. I was an early user of quickbooks online. Obviously early on the online component was innovative and important. Now its the norm. The good thing about Qbo is that most features you need are there.

Cons

For the price of the software, there is little support and I have had numerous problems getting help with issues. It seems that almost once per year i would run into a big problem and it would take numerous ongoing calls to resolve. For a company of Intuit's size that is not acceptable. I would be told I would be notified of status and no one gets back to me, forcing me to call in again.

SP
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Sibylle P.

Financial Services, self-employed

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use